(Only in Italian)
La UIF ha pubblicato delle nuove FAQ in materia di operazioni in oro.
L’art. 1, comma 2, della Legge 17 gennaio 2000, n. 7, prevede l’obbligo di dichiarare alla UIF i trasferimenti di oro da e verso l’estero, ovvero il commercio di oro nel territorio nazionale ovvero altra operazione in oro anche a titolo gratuito, il cui importo sia pari o superiore alla soglia prefissata, attualmente pari a euro 12.500.
I casi di esclusione dell’obbligo di dichiarazione, i soggetti obbligati, il contenuto, le modalità di produzione e di invio alla UIF della dichiarazione medesima sono elencati nella Comunicazione UIF in tema di dichiarazione delle operazioni in oro del 1° agosto 2014.
Il documento è suddiviso in due sezioni:
- nella sezione A (Profili normativi) sono state inserite 18 risposte, organizzate in tre sottosezioni riguardanti i soggetti tenuti all’obbligo di dichiarazione, le operazioni da dichiarare e le sanzioni.
- la sezione B (Profili tecnici e operativi) è costituita da 24 FAQ, distribuite in due sottosezioni, e fornisce informazioni inerenti al contenuto delle dichiarazioni e alle modalità di invio delle stesse.
This work programme details the FSB’s planned work and provides an indicative timeline of main publications for 2022. The FSB’s work priorities reflect that financial challenges are global in nature and affect the financial system as a whole. These challenges include digitalisation, climate change and potentially also shifts in the macroeconomic and interest rate environment.
Priority areas of work and new initiatives include:
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Supporting international cooperation and coordination on current financial stability issues. Against the backdrop of the Russia-Ukraine conflict and its economic impacts, the FSB is reinforcing its forward-looking monitoring to identify, assess and address new and emerging risks to global financial stability. This enhanced monitoring is informed by the FSB’s new surveillance framework. Work will also continue on policy responses to COVID-19, including: sharing information on policy responses and the timely unwinding of the temporary measures adopted in response to COVID-19, and assessing the effectiveness of those measures; and monitoring, with the standard-setting bodies (SSBs), the use of flexibility within international standards and consistency of policy responses with existing international financial standards.
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Enhancing the resilience of the non-bank financial intermediation (NBFI) sector, while preserving its benefits. The FSB will advance its work programme for strengthening the resilience of NBFI. In addition to the remaining work on specific issues identified in the holistic review of the March 2020 market turmoil, the FSB will also focus on developing a systemic approach to NBFI.
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Enhancing cross-border payments. The FSB will continue to coordinate with the Committee on Payments and Market Infrastructures and other SSBs and international organisations in implementing the FSB roadmap to enhance cross-border payments.
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Harnessing the benefits of digital innovation while containing its risks. The FSB will continue work on the financial stability and regulatory and supervisory implications of technological innovation, with a particular focus on various forms of crypto-assets, including decentralised finance (DeFi). Work will also continue on enhancing operational and cyber resilience.
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Addressing financial risks from climate change. The FSB’s work on addressing climate-related financial risks is guided by its roadmap for addressing climate-related financial risks. The FSB will continue to coordinate international work through the roadmap. The FSB’s own initiatives under its roadmap include building and strengthening the analytical basis for monitoring climate related risks to financial stability; and identifying regulatory and supervisory approaches to address climate-related financial risks.
The Final Report proposes targeted amendments to improve its operation, focused on clarifying the procedures for the issuance of short and long-term bans, ESMA’s intervention powers, the prohibition of naked short selling and the calculation of net short positions (NSPs) and their publication.
In its Final Report, ESMA takes stock of the experience gathered in the aftermath of the COVID-19 outbreak. This relates to the emergency measures adopted by relevant competent authorities (RCAs) and ESMA’s temporary lowering of the notification thresholds for NSPs to promote an EU-wide monitoring of short selling activity.
ESMA has also considered, in light of the episodes of high volatility which took place in the US markets and elsewhere in respect of the so-called meme stocks, the possibility of similar phenomena developing in EU markets and re-assessed the SSR provisions about uncovered short selling.
Besides assessing the application of the supporting factor, the survey aims at providing valuable information on the materiality of infrastructure project loans across EU banks, irrespective of whether credit institutions specialise in infrastructure lending or not.
The survey runs until 27 May 2022.
Sustainability and the management of environmental risks have become key considerations for long-term investors and in particular for European institutions for occupational retirement provision (IORPs).
The 2022 IORP stress test is testing the resilience of European IORPs against a climate change scenario, which was developed together with the European Systemic Risk Board and the European Central Bank. It reflects a sudden, disorderly transition to climate neutrality due to delayed policy action, which results in a sharp rise in carbon prices. This abrupt carbon price increase triggers transition risk effects to the entire economy.
The stress test focuses on the impact on IORPs’ investments, yet also addresses the effects on IORPs’ financial situation, including the financing by sponsoring undertakings. Therefore, the climate change scenario is applied to the balance sheet – both national valuations and the common balance sheet. The scenario sets out sector-specific shocks that provide insights into the IORPs’ investment portfolios, reflecting the corresponding impairment of the investments, broken down by the most relevant sectors and business activities.
The exercise also includes two specific questionnaires, one to request information following up on the ESG analysis of the 2019 IORP stress test, and another one to allow an analysis to identify and understand the potential effects of inflation on members’ and beneficiaries’ retirement income, focusing on the extent to which scheme characteristics and national frameworks provide for mitigating measures or adaptations to protect against inflation.
Participating IORPs are invited to EIOPA’s launch event on 7th April 2022 and can make use of a dedicated EIOPA Q&A process by contacting their national competent authorities.
As of 1 January 2023, the applicable UFR for the euro will remain unchanged at 3.45%.
